The Lumbar Chair Company manufacturers a standard rediner. During February, the firm's Assembly Department started production...

 

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The Lumbar Chair Company manufacturers a standard rediner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar. 37) How many chairs were in inventory at the beginning of the month? Conversion costs are incurred uniformly over the production cycle. A) 40,000 chairs B) 20,000 chairs C) 10,000 chairs D) 30,000 chairs 38) What were the equivalentunits for materials for February? A) 150,000 chairs B) 190,000 chairs C) 170,000 chairs D) 160,000 chairs 39) What were the equivalent units for conversion costs for February if the beginning inventory was 70% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs? A) 150,000 B) 170,000 C) 190,000 D) 178,000 40) Of the 150,000 units Lumbar started during February, how many were finished during the month? B) 150,000 C) 170,000 A) 130,000 The Lumbar Chair Company manufacturers a standard rediner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar. 37) How many chairs were in inventory at the beginning of the month? Conversion costs are incurred uniformly over the production cycle. A) 40,000 chairs B) 20,000 chairs C) 10,000 chairs D) 30,000 chairs 38) What were the equivalentunits for materials for February? A) 150,000 chairs B) 190,000 chairs C) 170,000 chairs D) 160,000 chairs 39) What were the equivalent units for conversion costs for February if the beginning inventory was 70% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs? A) 150,000 B) 170,000 C) 190,000 D) 178,000 40) Of the 150,000 units Lumbar started during February, how many were finished during the month? B) 150,000 C) 170,000 A) 130,000

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Answer 37 Option A 40000 chairs Explanation Beginning WIP Units complet... View the full answer